Real estate credit: this little -known tip can save you up to 25,000 euros

Focused on the interest rate, many borrowers neglect to negotiate another component of their mortgage. They therefore miss considerable savings.

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“The rate, the rate, the rate”. When it comes to obtaining a mortgagemost households are almost exclusively concerned with the interest rate that they themselves or their brokers will manage to negotiate with the bank, smiles Maël Bernier, spokesperson for best. On the other hand, they are not interested in the possibility of opting for competing borrower insurance (we then speak of insurance delegation), cheaper than the house insurance offered by the bank which grants credit. “In France, only one out of 10 file sets up an insurance delegation at the time of the mortgage for mortgage”, Indicates Maël Bernier, at a press conference on March 4.

Perhaps the borrowers fear that the bank will return to its decision to grant them a loan if they do not take its own insurance? There 2010 Lagarde Law However, you authorize you to refuse the borrower insurance of the bank which consents to you the loan if you find a less expensive, provided that it presents the same guarantees. “Despite all the laws that have relaxed the choice of borrower insurance, these are always easy profiles, CSP (socio-professional categories) +, urban, well informed, which take borrower insurance elsewhere than in the bank where they subscribe their credit”regrets the bestal spokesperson.

Substantial savings with the insurance delegation

Gold “There are huge savings to be made by opting for the insurance delegation, from 20,000 to 25,000 euros on average”she underlines. Borrower insurance, which takes over if you can no longer reimburse your credit monthly payments for health, accident or loss of employment reasons, can indeed represent until 30% of the total cost of your mortgage. This means that it is worth negotiating it, especially since its price varies from simple to triple depending on the insurers, indicates Bestaux.

If you do not dare to take out insurance elsewhere than in the bank that gives you the loan, do not panic. There Lemoine law of 2022 Allows you to change borrower insurance from the month following the subscription of your mortgage. Previously, you could not terminate your borrower insurance only on the anniversary of its signature. Another advantage of the Lemoine law, it removed the health questionnaire for loans less than 200,000 euros per person and for the credits reimbursed before the borrower’s 60th anniversary.

Do not lie about your health

For those who must fill out a health questionnaire,, “No question of lying!”warns Maël Bernier, who notes that “Many more people say they are non -smoking in these questionnaires than what INSEE statistics show …” “We can remove ourselves three to four kilos but we must not lie about tobacco consumption and hypertension”she insists. Stressing that “Insurers also conduct their surveys on social networks”. If you show yourself on Instagram a cigarette in hand while you have declared yourself non -smoking in the health questionnaire, obtaining your borrower insurance may be compromised.